BIGTIME

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0390%/8h= +42.7% APRnext payment +$0.49 per $10,000 · paid last 24h +1.851%

Price spread now: Hyperliquid against Kraken Futures−0.020%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. Hyperliquid is 0.020% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.020% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BIGTIMEUSD	0.008244	−0.0290	get 0.0036% / 1h	54m 11s	$7K	$4K	10x
Short	Hyperliquid BIGTIME	0.008242	0.0100	get 0.0013% / 1h	54m 11s	$125K	$96K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee HyperliquidbpOrdersPrice spread, now −0.020%Rate

Funding earned: $81.88
Price spread: −0.020% → 0.000%: −$2.02
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $60.86
Costs to cover: 0.190%
Break-even: 1.8 days

Slippage unknown: Kraken Futures: no order-book sample; Hyperliquid: live order book, 55 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 55 min ago	1.79 bp	22.0 bp −$22	doesn't fit	doesn't fit	doesn't fit

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BIGTIME on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BIGTIMEUSDlong	−0.0290%	1h	0.008244	long leg	$7K	$4K	10x
Hyperliquid BIGTIMEshort	+0.0100%	1h	0.008242	−0.020%	$125K	$96K	3x
Binance BIGTIMEUSDT	+0.0100%	4h	0.008236	−0.093%	$1.8M	$2.2M	50x	as long as short
Bybit BIGTIMEUSDT	+0.0100%	4h	0.008238	−0.069%	$673K	$599K	25x	as long as short
OKX BIGTIME-USDT-SWAP	+0.0100%	4h	0.008239	−0.057%	$435K	$405K	10x	as long as short
Gate BIGTIME_USDT	+0.0100%	4h	0.008232	−0.141%	$59K	$30K	50x	as long as short
MEXC BIGTIME_USDT	+0.0100%	4h	0.008235	−0.105%	$458K	$186K	125x	as long as short
KuCoin BIGTIMEUSDTM	+0.0100%	4h	0.008233	−0.129%	$242K	$27K	20x	as long as short
Bitget BIGTIMEUSDT	+0.0100%	4h	0.008241	−0.032%	$591K	$237K	50x	as long as short
BingX BIGTIME-USDT	+0.0100%	4h	0.008242	−0.020%	—	$2.3M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BIGTIME	+0.0100%	4h	0.008232	−0.145%	$10K	$1K	—	as long as short
BloFin BIGTIME-USDT	+0.0132%	4h	0.008246	+0.028%	$94K	$10K	50x	as long as short